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Other Fields Homework Help Accounting Topic started by: cjohns21 on Jul 18, 2022



Title: Misappropriation of assets
Post by: cjohns21 on Jul 18, 2022
Misappropriation of assets

▸ is generally committed by company management.

▸ harms the users of the financial statements by providing them incorrect financial data for their decision making.

▸ causes harm to stockholders because the assets are no longer available to their rightful owners.

▸ causes the financial statements to be misstated since the misappropriation usually involves material amounts.


Title: Misappropriation of assets
Post by: durandal on Jul 18, 2022
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